CapitaLand Ascendas REIT Management Limited, as the manager of CapitaLand Ascendas REIT (CLAR), has announced that CLAR, through its relevant subsidiaries (being Perpetual Corporate Trust Limited as trustee for the Ascendas Longbeach Trust No. 4 and The Trust Company Limited as trustee for the Ascendas Longbeach Trust No. 7), has entered into three put and call options for the sale of three logistics properties.
The sales price was S$64.2 million ($48.29 million).
The assets are 77 Logistics Place, 62 Sandstone Place and 92 Sandstone Place, located in Queensland, Australia, to AM QLD Industrial Property Pty Ltd ATF AM QLD Industrial Property No.1 Unit Trust, AM QLD Industrial Property No.2 Pty Ltd ATF AM QLD Industrial Property No.2 Unit Trust and AM QLD Industrial Property No.3 Pty Ltd ATF AM QLD Industrial Property No.3 Unit Trust.
